Ashland (ASH) Q3 Earnings and Revenues Miss Estimates

Company Performance - Ashland reported quarterly earnings of $1.04 per share, missing the Zacks Consensus Estimate of $1.15 per share, and down from $1.49 per share a year ago, representing an earnings surprise of -9.57% [1] - The company posted revenues of $463 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 1.15%, and down from $544 million year-over-year [2] - Over the last four quarters, Ashland has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [2] Stock Outlook - Ashland shares have declined approximately 28.7% since the beginning of the year, contrasting with the S&P 500's gain of 8.6% [3] - The current consensus EPS estimate for the upcoming quarter is $1.25 on revenues of $489.59 million, and for the current fiscal year, it is $3.67 on revenues of $1.85 billion [7] Industry Context - The Chemical - Specialty industry, to which Ashland belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that the outlook for the industry can significantly impact stock performance [5][8]